As the Uniswap community finally gets to vote on Uniswap’s (UNI) proposal for a “fee switch” after nearly six months, it is in a difficult position.
After waiting over six months, the Uniswap community was given a chance to vote on Uniswap’s (UNI) request for a “fee swith.” There have been some recent changes regarding what would happen to Uniswap if the protocol fee was ever put into effect.
Before this, the community members asked for more time because the proposal’s terms needed to be clarified. However, the decision to have a vote has caused the talks to flare back up.
Based on comments, community members appear to be at a decision point in relation to the development. Despite the fact that some people look forward to experimentation, others think it is a bad idea.
Adam Cochran, a blockchain analyst, believes that the switch might increase Uniswap’s income. He stated that the procedures’ worth might rise by 315 times.
Cochran is enthusiastic about the results, but he also has conflicting emotions. He thinks that a significant determinant in swaps would be the price-to-earnings ratio, and thus, this may affect the Uniswap community’s choice.
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Despite the modification, Uniswap struggles to keep its Total Value Locked (TVL). According to DeFiLlama, the protocol’s TVL was $3.46 billion as of this writing. Over the last 24 hours, there was a little dip. There was also a 21% decline over the preceding 30 days.
According to this figure, the Uniswap investors did not make a substantial amount of contributions to the liquidity, staking, or lending pools. Moreover, it implied that the yielding market for Uniswap as a whole wasn’t working at its highest level of effectiveness.
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